River Street Advisors LLC Has $1.72 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

River Street Advisors LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,091 shares of the company’s stock after buying an additional 1,608 shares during the quarter. River Street Advisors LLC’s holdings in PepsiCo were worth $1,716,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC lifted its stake in PepsiCo by 7.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 2,446 shares of the company’s stock worth $416,000 after acquiring an additional 159 shares in the last quarter. Heritage Investment Group Inc. increased its holdings in shares of PepsiCo by 7.5% in the 3rd quarter. Heritage Investment Group Inc. now owns 2,751 shares of the company’s stock valued at $468,000 after purchasing an additional 193 shares during the period. RIA Advisory Group LLC purchased a new stake in shares of PepsiCo in the third quarter worth approximately $1,094,000. Natixis Advisors LLC boosted its holdings in shares of PepsiCo by 7.2% during the third quarter. Natixis Advisors LLC now owns 892,326 shares of the company’s stock worth $151,740,000 after purchasing an additional 60,026 shares during the period. Finally, Mizuho Securities USA LLC grew its position in PepsiCo by 682.6% during the third quarter. Mizuho Securities USA LLC now owns 829,500 shares of the company’s stock valued at $141,056,000 after purchasing an additional 723,504 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $6.53 during trading hours on Friday, reaching $158.62. The stock had a trading volume of 9,108,948 shares, compared to its average volume of 5,466,003. The business’s fifty day moving average is $170.82 and its two-hundred day moving average is $171.56. The company has a market cap of $217.63 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the company earned $2.25 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PEP shares. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Bank of America decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.92.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.